India's Software Dream Run Is Far From Over

It's a lament one often hears nowadays: Indian software programmers, those global icons of cheap brainpower, have become greedy.
With compensation costs in the Indian software industry climbing 12.5 percent annually the past two years, some investors are now concerned about how long the country can hold on to its most promising industry.

``If salaries continue to escalate,'' Promod Haque, managing partner of Palo Alto, California-based Norwest Venture Partners, recently told Bloomberg News, ``China is more attractive to us as venture capitalists, Israel is more attractive to us, and Eastern Europe is more attractive to us.''

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